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The Phoenix Rising - Reliance CapitalWhat goes Up will come down, What goes down will Rise Up - This is Universal Law Abiding by this law - Reliance Capital - The once sunken stock - declared bankrupt - Resurrected by Hinduja Group (IndusInd International Holdings) which bought Reliance Capital for approx. 9,600 Crore. The effects of these actions are seen on the Charts clearly - The Phoenix Rising from the deep. Recently the stock was removed from ESM Phase II - relieving it from restriction of being traded only on Mondays. From the New year - the stock is hitting 5% UC each day Here are the confirmation of Bullish Reversal The classic HH-HL structure indicating Bullish Reversal on Monthly HH-HL formed at 0.786 FIB Retracement which is a very reliable bounce level A Beautiful Rounding Bottom Structure on Monthly Symmetrical Triangle formation BO is pending both on Rounding Bottom & Symmetrical Triangle - BO above 15 WCB will take to targets of 42, 52, 78 Word of Caution: This is still a Risky bet - The above suggestions are for those beaten down souls already holding the stock for quite long. Hold your breath - Keep up your hope and Patience - good times are ahead. New Entrants - better to stay away from this script until stronger bullish structures are formed Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
RLong
by Stocks-n-Trends
⤵️ EURAUD) ifberakout) bearish) analysis)⤵️⤵️hello trader’s what do you think about Euraud)? The Australian and New Zealand dollars rested near five-month peaks on Friday and bonds extended their blistering rally as a surprisingly soft reading on U.S. inflation stoked wagers for rapid-fire rate cuts globally next year. The Aussie crested at $0.6803 AUDUSD , having climbed 1% the previous session to clear the $0.6800 barrier for the first time since late July. The break opened the way to the next bull target at the double top of $0.6895/6900. The kiwi dollar reached $0.6298 NZDUSD after rising 0.7% on Thursday, taking it closer to the July top of $0.6412. Risk appetite was whetted by an unexpected downward revision to the U.S. third-quarter core personal consumption expenditures (PCE) price index to an annualised 2.0%, matching the Federal Reserve's target. That stirred speculation the November reading of core PCE inflation due later Friday would also surprise on the downside, leading futures to imply an 82% chance the Fed would cut rates as soon as March. (FEDWATCH) Markets, in turn, ramped up expectations for local easing with futures now fully priced for a June rate cut by the Reserve Bank of Australia (RBA), even though the central bank still has a tightening bias. (0#RBAWATCH) The Reserve Bank of New Zealand (RBNZ) is now seen certain to ease in May, when it recently warned that no cuts were possible until 2025. (0#RBNZWATCH) Australia's November consumer price measure is not due until the end of January but again analysts see risks to the downside. "We expect annual growth in the monthly CPI indicator to slow to 4.1% y/y in November from 4.9% y/y in October," said Catherine Birch, a senior economist at ANZ. "This would be the weakest annual inflation on the monthly measure since January 2022." "We expect inflation, on a quarter-on-quarter basis, to be annualising within the RBA's 2-3% target band in the second half of 2024." Bond markets are acting like all this is a done deal and have taken three-year yields (AU3YT=RR) down to its lowest since early June at 3.667%. That breached a major chart barrier at 3.69% and was a world away from a 4.48% top hit in November. Yields on 10-year bonds AU10Y fell to a four-month trough of 4.04%, down from its November peak of 4.999%. In New Zealand, the key two-year swap rate (NZDSM3NB2Y=) hit its lowest since February at 4.680%, opening a huge gap to the overnight cash rate of 5.5%.
Short
by SMC-Trading-Point
USDJPY Close To Breaking Below Yearly TrendlineHi Traders! 2023 was a bullish year overall for the USDJPY, though it has just fallen short in the end as the market attempted but failed to break through the record high apex level at 151.946. The market is now on the verge of breaking below the yearly trendline. Here are the details: After failing to break through the record high of 151.946 last month, the market has rapidly declined to break below the 20 EMA and is now trading near the 140 handle. The bears are now looking to push the market to break below the trendline, and if we get this, there is a big target level at 137.915. Preferred Direction: Sell Entry Level: 142.550 Stop Level: 145.020 Target Level: 137.915 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
SHORT TERM OPPORTUNITY IN CAPITAL TRUST_35% UPSIDEOn a day where almost every stock seemed to tumble, CAPTRUST managed to pull off a bullish stunt. The stock closed with a +15% gain along side 15 times surge in daily volume. The weekly chart of the stock shows us that the stock managed to pierce above an18 months old active supply zone. Since Jul 2022 the stock has been attempting to move beyond the INR 110 mark but failing to do so. For the past 4 months the stock had been trading in a tight range of INR 90-110 waiting for the right time to clear above 110 mark, which it did on Wednesday's session.(AND HOW!!) What should now be expected from the stock is that it will now head towards the INR150-160 zone to test the new supply as the old supply zone has been successfully conquered. CMP 113.15 SL 98 TARGET 155 RR 1:3
NSE:CAPTRUSTLong
by neeraj_2_sharma
Arihant Capital Markets Ltd. Riding the 5th Wave ImpulseArihant Capital Markets Ltd: Riding the 5th Wave Impulse Daily Time Frame: Elliott Wave Analysis: Arihant Capital Markets appears to be in an impulse move on the daily time frame, with completion of wave 4 as a correction. Current Stage: Unfolding wave 5, with (i) and (ii) completed and a potential unfolding of wave (iii). Price Targets: Anticipating levels of 96 and 104 plus. Invalidation Level: A strict invalidation set below 63. Current Price Trading near 76. Technical Indicators: Breakout Confirmation : Price has given a breakout on the daily time frame with significant volumes. Indicator Alignment: Major indicators like MACD, RSI, RK's Magic, RK's Brahmastra, etc., are aligning positively, supporting the bullish bias. Snapshots: Attached snapshots of the indicators for reference. Elliott Wave Concept - 5th Wave Impulse: The 5th wave in Elliott Wave theory is often an impulse wave that signifies the final leg of a trend. Impulse waves are characterized by strong, directional price movements. Wave (iii) within wave 5 is typically the most powerful and extends higher, often exceeding the peaks of wave (i). I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing. Breakout with good intensity of Volumes on Daily and Hourly time frames RK's Magic says positive on Daily RK's Brahmastra says Positive bias on Daily Possible Elliott wave structure could be this MACD on Daily is positive and Strong enough MACD on weekly too RSI showing good strength on Daily chart
NSE:ARIHANTCAPLong
by RK_Chaarts
4
Long Trade in RIOTCrypto stocks are on the move, and Riot Blockchain (RIOT) is setting up for a potential breakout buy here. The stock carries a relative strength rating of 98/100, putting it in the top 2% of stocks based on performance. Crypto and digital payment companies was the top-performing sector over the last 2 months and ranked 2nd over the last 3 months. In other words, there is tremendous group strength here. What I want to see is a strong move through the $12 area on above-average volume. This would be my trigger to buy in anticipation of a quick rally higher.
NASDAQ:RIOTLong
by rossgivens
2
Long Trade in TREXTREX looks buyable here as it breaks through the pivot at $69. TREX is a building products company - specifically decking materials. Construction and related stocks have surged the last several weeks after Wall Street interpreted the latest Fed meeting as a pivot away from raising rates. the 10-yr bond yield has fallen 0.50% over the last few weeks and mortgage rates have come down with it. The boom in construction, which has been fueled by a lack of housing supply in the used market, is likely to accelerate further if rates continue falling as many banks currently forecast. And Trex Company will benefit from this trend. After a structured downtrend in August and September, TREX has ripped higher on big volume. It now trades above all its moving averages and has another 10% to go before reaching its 52-week highs at $76. But TREX is well below its all-time highs. Shares traded at $140 in late 2021 - double its current price. So it looks like there appears to be plenty of upside left on this one.
NYSE:TREXLong
by rossgivens
1
📈 TradingView Analysis: $APE/USDT Falling Wedge Breakout! 🚀Chart Analysis: Pair: $APE/USDT Timeframe: 4-Hour Chart 🔍 Technical Overview: APE/USDT has been forming a clear falling wedge pattern. Price has recently broken out above the upper trendline of the falling wedge. 📉 Previous Price Action: The falling wedge has been a consistent pattern, indicating a period of consolidation. A series of lower highs and lower lows were observed within the wedge. 🚀 Breakout Confirmation: The recent breakout above the upper trendline suggests a potential trend reversal. Volume confirmation during the breakout adds strength to the bullish case. 💡 Key Levels to Watch: Resistance: The next resistance level to watch is at . Support: The previous resistance, now turned support, is at . 📊 Indicators: RSI: Showing signs of bullish divergence, indicating strengthening buying pressure. MACD: Bullish crossover, signaling a potential shift in momentum. 📅 Upcoming Events: Keep an eye on upcoming events, announcements, or catalysts that could impact the price. 🔒 Risk Management: Set stop-loss orders to manage risk in case of unexpected price movements. Adjust positions according to your risk tolerance and trading strategy. 📈 Conclusion: The breakout from the falling wedge pattern suggests a potential bullish trend for $APE/USDT. However, always exercise caution and conduct thorough analysis before making trading decisions. 📣 Disclaimer: This is not financial advice. Trading involves risk, and it's important to conduct your own research. The breakout scenario is based on technical analysis, and market conditions can change rapidly. 👥 Join the Discussion: Share your thoughts on the $APE/USDT falling wedge breakout. What's your price target, and how are you approaching this trade? 🚀 Happy Trading! 📈✨
Long
by STP_MrNodeItAll